U.S.-China Trade Talks Go to the Wire
World shares tumbled for a fourth day running on Thursday after a warning from U.S. President Donald Trump that a long-worked-on trade deal with China was in serious danger.Chinese Vice Premier Liu He was heading to Washington for two days of talks, but Trump's insistence that China "broke the deal" and Beijing's response that it would retaliate against a planned U.S. tariff increase raised the stakes.Europe's main stock markets and Wall Street futures sank 0.5 to 1.3 percent after a torrid day for Asia saw more than 1.8 percent taken off China and more than 3 percent off South Korea…
MOL Signs LNG Charter with Pavilion Gas
Mitsui O.S.K. Lines (MOL) has announced that it has signed a long-term charter contract to operate Asia's largest (12,000m3-class) LNG bunkering vessel in Singapore, the world's largest fuel supply port, with Pavilion Gas, a wholly-owned subsidiary of Pavilion Energy.Demand for LNG as bunker fuel is expected to grow on a global scale as stricter SOx regulations take effect in January 2020. Singapore's Maritime and Port Authority (MPA) is focusing considerable effort on development…
First MOL Car Carrier Vessel Arrives in Cambodia
The 6,400 standard passenger car capacity, Mitsui OSK Lines (MOL)-operated car carrier Grand Orion has made a first call for such a vessel type in Cambodia.The Japanese shipping company said in a release that the car carrier called at the Port of Sihanoukville, Cambodia, and discharged about 12,000 tons of construction machinery. It was the first call at a Cambodian port by an MOL-operated car carrier, it added.In commemoration of the first call, Grand Orion Capt. Denis C. De…
Japan Spent $4 Bln to Back Global LNG Infrastructure Push
The Japanese government along with private companies have spent $4 billion in the past year on liquefied natural gas (LNG) projects, mainly in Asia and across the supply chain, to help spur demand for the fuel, the country's trade minister said on Monday.Hiroshige Seko, speaking at the annual LNG Producer-Consumer Conference in Nagoya, Japan, said Japan offered training to 200 people from 15 countries to develop a workforce to work in the LNG supply chain.Seko announced a year…
Wallem Welcomes First Vessel Under Japanese Flag
The Aphrodite Leader, a pure car and truck carrier (PCTC), is the first vessel under Wallem Ship Management to come under the Japanese Flag.The Aphrodite Leader completed the various inspections, audits and surveys in accordance with the Japanese Flag requirements. The vessel then officially changed over to Japanese Flag upon receipt of the statutory certificates from the Japanese Government and Class NK.This marks a positive milestone as Wallem is now one of just a few international ship managers capable of managing Japanese Flag vessels.
Tiny Japan Shipping Shares Jump on North Korea Detente Hopes
Shares of small Japanese shippers jumped this week after the historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un sparked hopes of news business ties with the reclusive country.Japanese retail investors are snatching up shares of the firms that may benefit from a potential thaw between Tokyo and Pyongyang, even though the Japanese government has been a staunch supporter of "maximum pressure" on North Korea.Shares of Rinko Corp, a marine transportation company…
Kobe Steel Under Investigation Over Data Tampering Scandal
Kobe Steel Ltd said on Wednesday that it is under investigation by Japanese authorities over its data tampering, widening a scandal that undermined faith in Japan's industrial sector last year.In a statement, Kobe Steel said that "investigating authorities" were conducting an inquiry, without elaborating on who was carrying out the probe or what was being investigated, and that it is cooperating with the investigation. A company spokesman confirmed the investigation concerned the data tampering but declined to say when the probe started.Earlier…
Hikawa Maru Celebrates 88 Years
Hikawa Maru, the only existing large-scale cargo-passenger ship built in Japan before the war, celebrates its 88th anniversary since delivery on April 25, 2018. Since 2008, Hikawa Maru has been moored at Yamashita Park in Yokohama as a museum ship open to the public. A celebration of its 88th birthday was held on Saturday, April 21, and about 8,000 guests visited. On April 25, 1930, Hikawa Maru was delivered equipped with the latest diesel engine and advanced safety technology, and shortly afterward assigned to the Japan–Seattle Line for cargo-passenger service.
Japan: An LNG Bunkering Hub?
New study examines Japanese government strategy for creating infrastructure for environmentally-friendly ship fuel.A new report by the Intrernational Transport Forum at the OECD assesses Japan’s ambition to become an international bunkering hub for liquefied natural gas (LNG).The Japanese government is working to position the nation as a LNG bunkering hub as it expects the fuel's significance in shipping to grow.Japan is already the world’s largest importer of LNG by a large margin.
Japanese FM Visits Colombo Port
Japanese Foreign Minister Taro Kono has visited the port of Colombo in Sri Lanka. Kono was briefed by Sri Lankan government officials about a project under consideration to expand the port. The Japanese Foreign Minister also visited the newly built control tower and the Colombo Port Expansion Project currently known as the Colombo south Port. Colombo is the largest port in Sri Lanka, which is a strategically important point in Indian Ocean sea lanes. Taro Kono was briefed by the Chairman of Sri Lanka Ports Authority (SLPA) Dr.
MOL Rolls Out Total Residual Oxidants Instrument
Mitsui O.S.K. Lines (MOL) announced commercialization of the Total Residual Oxidants (TRO) instrument "S.sensing WS," one of the major components of the Ballast Water Management System (BWMS). TRO is developed by Kurita Water Industries with the cooperation of MOL's group company MOL Engineering Co. In addition, MOL Techno-Trade will handle sales activities for the new product. BWMS are categorized as "UV type," "electrolysis type," "chemical type," and "ozone type." All except for the UV type sterilize harmful organisms in ballast water with various active substances.
Global Experts Gather for Ship Recycling Seminar
Around 300 people gathered in Tokyo on May 12 to attend a ship recycling seminar held by leading classification society ClassNK. In addition to ClassNK representatives, top industry experts from Asia and Europe discussed the current challenges of ship recycling and what the industry can do to support safe and environmentally sound recycling practices. Koichi Kato, Deputy Director-General for Engineering Affairs, Maritime Bureau of Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT), opened the seminar with a keynote address.
MHI Establishes MHI Australia Pty. Ltd.
Today Mitsubishi Heavy Industries, Ltd. (MHI) launched operations at MHI Australia, Pty. Ltd. in Sydney. Creation of the new entity has two overriding ambitions: 1) to strengthen ties with Australia's governmental institutions and economic and industrial sectors, and 2) to serve as a base for developing relationships with Australia's academic bodies, including universities and research institutes. MHI Australia will help drive proactive sales support as well as broad information gathering to reinforce MHI's business structure in the Australia/Oceania region as well.
China Slams G7 on Maritime Disputes
China reacted with anger Tuesday after the Group of Seven foreign ministers released a statement a day earlier voicing strong opposition to “unilateral actions” in the East and South China seas. "China is strongly dissatisfied with relevant moves taken by G-7," Chinese Foreign Ministry spokesman Lu Kang said. His statement added: “We urge the Group of Seven member states to honor their commitment of not taking sides on issues involving territorial disputes and respect the efforts by regional countries…
Australia Submarine Contract Award in Final Stage
The Australian government has begun its final evaluation of bids from Japan, Germany and France to choose the maker of its next-generation submarine and is expected to make its decision by the end of June, reports the Japan Times. The navy's new submarine fleet could reportedly cost taxpayers at least $5 billion less than expected, secret price estimates given to Defence by three international competitors show. The confidential bids lodged by Germany, France and Japan offer a much lower cost of building an eight-submarine fleet in Adelaide than was anticipated…
Japan, China to Quick Launch Maritime Communication Mechanism
Japanese and Chinese defense ministers agreed that an early launch of a maritime communication mechanism and defense exchanges are important for the countries to prevent accidental clashes in their first such talks since June 2011, reports Japan Times. Japanese Defense Minister Gen Nakatani met with Chinese counterpart Chang Wanquan in Kuala Lumpur, the first meeting between the two nations' defense ministers in nearly four and a half years. However, they declined to say if they discussed China’s contentious moves in the disputed South China Sea.
NYK Aids Victims of Landslide in Hiroshima
In response to the landslide that occurred in Japan’s Hiroshima prefecture on August 20, the NYK Group has decided to collect donations from executives and employees throughout the group to aid those who were affected. NYK has deep compassion for those harmed by this disaster and offers its wishes for a quick recovery. Donations collected will be given to Japan Platform (JPF)* and will be used as funds for disaster support activities in the affected areas by JPF member organizations (NGOs).
ABS Adds First Japanese-flagged Carrier to its Classed Fleet
ABS has added the first Japanese-flagged vessel to its classed fleet after having been awarded the status of a 'Recognized Organization' (RO) by the Japanese government. YAMATOGAWA, a 302,488 deadweight-ton very large crude carrier owned and managed by Kawasaki Kisen Kaisha Ltd. ("K" Line), recently transferred flag, a move which made ABS the first foreign classification society to class a vessel flying the Japanese flag. "We are honored to become the first foreign class society to include a Japanese-flagged vessel in our fleet.
Japan Expresses Concern Over Chinese Ship Seizure
The Japanese government has expressed its concerns to China via diplomatic channels over the seizure of a Mitsui O.S.K. Line Ltd ship by a Chinese court in connection with a case over wartime claims, Kyodo news agency reported on Monday. A Chinese maritime court in Shanghai seized the ship on Saturday, saying the company had failed to pay compensation stemming from a wartime contractual obligation. Japan's top government spokesman said the ship seizure, apparently the first time the assets of a Japanese company have been seized in a lawsuit concerning compensation for World War Two…
China Sends Helicopter Ships to Disputed Islands
Japan's concern over a standoff with China over the disputed Senkaku Islands deepens and might escalate. The Japan Coast Guard and the Defense Ministry are closely monitoring voyages of the Haijian 50, which can be loaded with helicopters reports Asahi Shimbun. The vessel, belonging to the China Marine Surveillance, an agency of the government’s State Oceanic Administration, sailed in the contiguous zone next to Japanese territorial waters surrounding the islands on 10 days in February. Of these voyages, it encroached into territorial waters on four days.
Vietnam Opens Deepwater Container Port
Cai Mep-Thi Vai international port in the coastal southern province of Ba Ria-Vung Tau inaugurated. The construction of the port, an international gateway, was funded with 12.9 trillion VND (US$ 620-billion) from the Japan International Cooperation Agency (JICA) and is expected to ease the strain on other ports in Ho Chi Minh City and also to improve trade links among south-eastern provinces. Deputy Prime Minister Hoang Trung Hai and representatives of the Japanese embassy and the Japan International Cooperation Agency (JICA)…
New Whaling Protest Vessel Ironically Japanese-Built
Los Angeles-based philanthropist & co-creator of TV’s 'The Simpsons', funds purchase of new Sea Sherpherd anti-whaling patrol ship 'Sam Simon'. Sea Shepherd's new Antarctic patrol ship, the Sam Simon, has been unveiled in the port of Hobart, Tasmania, docked at Macquarie Wharf 1. The vessel, retired from service by the Japanese Government in 2010, had since been laid up in Shimonoseki, Japan, alongside the very ships Sea Shepherd will confront this season. Originally built as Seifu Maru in 1993 by IHI shipyard in Tokyo…
DNV Authorized to Survey Japanese-flagged Vessels
Classification society DNV has been designated as a 'Recognized Organization' by the Japanese government. A year ago Nippon Kaiji Kyokai (ClassNK) was similarly designated as a 'Recognised Organisation' by the Norwegian government and was granted delegated responsibility for statutory surveys and permission to issue statutory certificates. The agreement authorized ClassNK to examine compliance to various treaties of Norwegian-flagged vessels and issue certificates for ships registered under its flag. The ceremony was held at the Japanese Ministry of Land, Infrastructure, Transport and Tourism.
ClassNK Opens First Russian Office
ClassNK opened its first exclusive surveyor office in St. Petersburg on September 14 with a lively reception hosted by ClassNK Chairman and President and Current IACS Vice-Chairman Noboru Ueda. The event was attended by more than 80 guests including executives and representatives from throughout the Russian maritime industry. Among the many prominent dignitaries at the event were His Excellency Ichiro Kawabata, Consul General of Japan in St. Petersburg, IACS Council Chairman Pavel Shikhov, Vladimir Alexandrov, President of the St.
Oil Markets Adjust to Japan’s Disaster
Singapore, 16 March — The 11 March earthquake and tsunami in Japan, and the continuing nuclear crisis that they triggered, will have significant repercussions in global energy markets, according to international energy price reporting agency Argus. Japan will rely more on oil for power generation at least until the end of this year, altering regional balances for some grades of crude and providing a large boost in demand for low-sulphur fuel oil (LSFO). And it will seek additional LNG supplies.
Lloyd’s Register Authorized by Japanese Gov
During a ceremony held in Tokyo, Lloyd’s Register was confirmed as the first foreign classification society to be formally authorized by the Japanese government to carry out surveys on ships flying the Japanese flag. Under Japanese legislation, Lloyd’s Register has been designated as a Recognized Organization by the Japanese government and is granted delegated responsibility for statutory surveys and permission to issue statutory certificates. Prior to the authorization of Lloyd’s Register, only ClassNK, the domestic classification society and fellow IACS member, has held such recognition.